Mexico Long-term Care Market Size & Outlook, 2023-2030
Mexico long-term care market, 2018-2030 (US$M)
Related Markets
Mexico long-term care market highlights
- The Mexico long-term care market generated a revenue of USD 21,268.3 million in 2023 and is expected to reach USD 37,421.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, nursing care was the largest revenue generating service in 2023.
- Hospice is the most lucrative service segment registering the fastest growth during the forecast period.
Long-term care market data book summary
| Market revenue in 2023 | USD 21,268.3 million |
| Market revenue in 2030 | USD 37,421.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Nursing care |
| Fastest growing segment | Hospice |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities |
| Key market players worldwide | Brookdale Senior Living Inc, Knight Therapeutics Inc, Life Healthcare Group Holdings Ltd, Sunrise Medical, Extendicare Inc, Sonida Senior Living Inc, Genesis Healthcare Inc Class A, Amedisys Inc, Home Instead, Diversicare Healthcare Services, Atria Senior Living |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.9% of the global long-term care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil long-term care market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 37,421.2 million by 2030.
Nursing care was the largest segment with a revenue share of 30.12% in 2023. Horizon Databook has segmented the Mexico long-term care market based on home healthcare, hospice, nursing care, assisted living facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Several elderly people from different countries are opting for home care in Mexico. Although Mexican people themselves do not opt for formal care, the number of home care agencies is on the rise due to the growing demand from foreigners. There are about 9.5 million elderly people with a life expectancy of 65 years and above in Mexico.
Most elderly people are being taken care of by their families or by home care agencies. Almost every retired household can afford help for cooking and other domestic work for USD 15 to USD 20 per day. A licensed nurse for full-time care can also be appointed for USD 550 per month. Such low charges are encouraging foreigners to settle in the country after their retirement.
Compared to the U.S., where LTC can cost up to USD 2,500 to USD 7,000 per month, Mexican LTC agencies offer assisted living & nursing care for USD 1,000 to USD 1,700 per month. These expenses are low enough to be covered in social security benefits and hence, are proving to be attractive to several elderly people.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico long term care market size, by service, 2018-2030 (US$M)
Mexico Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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